Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) Short Interest Update

Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 654,522 shares, a growth of 595.9% from the August 15th total of 94,058 shares. Currently, 128.3% of the shares of the company are sold short. Based on an average trading volume of 853,135 shares, the short-interest ratio is currently 0.8 days.

Defiance Daily Target 1.5X Short MSTR ETF Stock Performance

SMST traded down $0.80 on Friday, reaching $21.55. 843,201 shares of the stock were exchanged, compared to its average volume of 449,861. The company’s 50-day moving average price is $46.65 and its 200 day moving average price is $48.48. Defiance Daily Target 1.5X Short MSTR ETF has a fifty-two week low of $17.91 and a fifty-two week high of $154.16.

Institutional Investors Weigh In On Defiance Daily Target 1.5X Short MSTR ETF

A hedge fund recently bought a new position in Defiance Daily Target 1.5X Short MSTR ETF stock. Jump Financial LLC purchased a new position in Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,480 shares of the company’s stock, valued at approximately $2,457,000. Jump Financial LLC owned 7.36% of Defiance Daily Target 1.5X Short MSTR ETF at the end of the most recent quarter.

About Defiance Daily Target 1.5X Short MSTR ETF

The Defiance Daily Target 2x Short MSTR ETF (SMST) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x inverse exposure to the daily share price movement of MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. SMST was launched on Aug 20, 2024 and is issued by Defiance.